NIGERIA ECONOMY

The Nigerian naira has continued to weaken against the US dollar, as it recorded another round of depreciation in March 2025, both at the official market and in the parallel …

Leading corporate and investment banking group, Rand Merchant Bank (RMB), has concluded a series of high-level engagements in Abuja as part of its West Africa investor roadshow, spotlighting Nigeria’s investment …

Nigeria’s economy has been hit with a fresh challenge as the price of crude oil dropped by $10 per barrel, raising concerns about the country’s financial stability and budget performance. …

The Organised Private Sector (OPS) has urged the Central Bank of Nigeria (CBN) to reduce the Monetary Policy Rate (MPR) from its current 27.50 per cent to encourage economic growth. …

President Bola Tinubu has dissolved the board of the Nigerian National Petroleum Company (NNPC), including Group Chief Executive Officer Mele Kyari and board chairperson Pius Akinyelure. In a statement by …

The Nigeria Sovereign Investment Authority (NSIA) has recorded significant growth in its net assets for the 2024 financial year, nearly doubling despite global economic uncertainties. In a statement signed by …

Auto-Tech company Carviva has announced the achievement of $1m in fuel token transaction value over a two-year trial period on its Fuel Wallet platform. According to a statement from the …

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced plans to sell shares to the public as part of its transition into a fully commercial entity. This move is …

In a landmark move to bolster women entrepreneurship, the Bank of Industry (BOI), in collaboration with the Women Chamber of Commerce and Industry, Mines, and Agriculture (WCCIMA), has launched a …

Nigeria’s annual inflation rate experienced a notable decline in February 2025, easing to 23.18% from 24.48% in January, according to the National Bureau of Statistics (NBS). This marks the second …